HAPPY SATURDAY TO THE STREET
And welcome back to Street Tweets from The Street Sheet!
Some people buy glasses to see better.
Mark Zuckerberg wants you to buy them to see the metaverse.
On Wednesday, Meta (META) unveiled its new VR Glasses at Connect. They'll run you $1,299.
That's more than 4x the $299 Meta charged for its last headset, the Quest 3S.
Shareholders might need rose-colored glasses to see the payoff.
Good news: Meta makes those now, too.
— Brooks & The Street Sheet Team
MARKET REVIEW & PREVIEW
Stocks shrugged off a bond rout and a widening war last week. The S&P 500 gained nearly 1.5% and the Nasdaq added about 2%, as oil drifted lower on hopes that the UN gathering in New York could open a path to Iran peace talks. Bond traders stayed nervous, with long-term yields climbing to their highest levels in roughly two decades.
Next week puts inflation and jobs back in the spotlight. Wednesday brings August PCE, the Fed's preferred inflation gauge, and anything hotter than July's 3.7% would firm up bets on an October rate hike. Friday's September jobs report then tests whether a labor market this strong can absorb one.
Presented by Street Sheet Research
Elon Musk told G20 investors this month that a billion robots will out-produce all of humanity within 10 years. His deadlines slip, but Wall Street is taking the robot boom seriously.
Morgan Stanley (MS) sees a $5T humanoid industry by 2050, and Bank of America (BAC) expects mass adoption to start as soon as 2028. The overlooked angle: every robot needs chips, batteries, motors, and a factory to build it.
One fund we're highlighting this week owns a slice of that entire supply chain. We name it in this week's report.
Backed by a 90-day money-back guarantee.
Yield like it's 2004.
The last time the 30-year paid this much, Facebook was still TheFacebook.
Six years ago, it paid under 1%.
Anyone who locked that in is down more than 50%.
Meta already has a Tamagotchi.
It's called Reality Labs, and it ate another $4.6B last quarter.
Presented by Street Sheet Research
Most robot bets are moonshots with valuations to match. This one spreads its risk across continents and industries, and its holdings already make money.
Global footprint: Less than a third of its holdings trade in the US, and firms in China, Japan, and South Korea make up about 45%.
Whole-robot exposure: Machinery makes up 28% of the fund, with semiconductors at 18% and automotive stocks at 17%.
Grounded valuation: Holdings carry an average P/E of about 35, and nearly all of them already turn a profit.
Paid to wait: A small dividend pays you while the robot era arrives.
The name and the full breakdown are inside this week's Street Sheet Research.
90-day money-back guarantee. Cancel anytime.
Careful what you wish for…
The last one sent the 10-year to 0.32%. Then it sent inflation to 9%.
